The PM asserted that 'we know how to take challenges head-on'.
The overall message to the middle class is: the days of freebies are over.
'Apart from providing you with the ability to withstand escalating medical expenses, a dedicated financial plan for health will also ensure financial independence in old age,' advises Arun Thukral, MD & CEO, Axis Securities.
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
Budget-makers in North Block are looking to maintain this fiscal status quo, in spite of tax revenues nowhere close to where the government wants and in spite of possible higher expenditure commitments.
Ex-servicemen on Tuesday started returning their medals to protest the government notification on implementation of 'one rank-one pension', which they have rejected, and hit back at Defence Minister Manohar Parrikar who termed the agitationists as misguided.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
It is best to invest long-term surplus in stocks or equity mutual funds.
Maintaining that India wants good relations with Pakistan, Union Home Minister Rajnath Singh said resumption of stalled talks with Islamabad was possible if there was an improvement in the situation.
Various indicators make it amply clear that there are grave challenges facing the new government of Chief Minister Nitish Kumar, reports Indivjal Dhasmana.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Congress rivals have put factionalism aside for now. The party is betting on a series of well-received welfare schemes to return to power
It will be interesting to see whether India-China border tensions figure during the deliberations of PLA deputies to the NPC and CPPCC, notes Jayadeva Ranade, the distinguished China expert and retired RA&W officer.
British Prime Minister Boris Johnson led the tributes with UK Chancellor Rishi Sunak at 10 Downing Street for the National Health Service (NHS) and other key workers across care homes and public transport at 11 am local time. So far 82 NHS staff are known to have died after testing positive for the coronavirus, including many with their roots in India.
Naveen Kukreja explains the finer points to keep in mind while planning for your retirement.
Announcing the cabinet decision, Union minister Prakash Javadekar also said the President, the Vice President, Governors of states have also voluntarily decided to take a pay cut as a social responsibility.
The Defence Minister said it has been decided to give women permanent commission in the Army, Navy and the Air Force like their male counterparts.
There is an attempt to brush aside the results of all surveys that point to a deteriorating jobs situation. This is counter-productive, says Mahesh Vyas.
The ten central trade unions have demanded a cash transfer of Rs 7,500 a month to all families that do not pay income tax, free ration of 10 kg per head in a month to all the needy, expansion of the Mahatma Gandhi National Rural Employment scheme to cover more days of job, withdrawal of labour codes and farm bills, halt on privatisation, universal pension coverage and withdrawal of "draconian" circular on forced premature retirement of government officials.
Simple takeaways from the Union Budget 2015-16 and how it impacts your life
Gross enrolments of new subscribers with the ESIC were 1.49 crore during 2018-19.
Fresh investments are constrained by tepid demand.
Raise in NPS entry age gives seniors another retirement-saving option but they should invest at least Rs 50,000 to avail of the additional tax benefit scheme provides, reports Sanjay Kumar Singh
Addressing bureaucrats on Civil Services Day in New Delhi, he asked them to experiment to bring in change besides increasing engagement with the people for greater results.
The raising of the entry age in NPS has opened up an attractive new investment avenue for senior citizens, says Arnav Pandya.
The negative aspect about the Budget is that the capital expenditure has been marginally cut to achieve the fiscal deficit target assumptions, and the onus of sustaining investment demand till private capex revives continues to vest with the public sector enterprises, notes Jyotivardhan Jaipuria.
Laying the roadmap of the Narendra Modi government for its second term, President Ram Nath Kovind on Thursday said empowering every person is the main goal for a 'New India' by 2022 on the back of a "stronger mandate" for continuing uninterrupted the journey of development started in 2014.
Aadhaar now has legal backing but it still faces challenges of privacy and data sharing
Singh was widely regarded as an expert in the rural and agricultural landscape of the country and is credited with the conceptualisation and implementation of the NREGA (National Rural Guarantee Employment) Act.
If you plan it out, instead of rushing it in the last moment, you will realise how much you have saved and the difference it makes to your personal wealth.
'What worked for the BJP were three things: Hindu nationalism, religion and a silent but strong anti-Muslim sentiment.'
The Bharatiya Janata Party lined up several promises, including a legislation to protect traditions of the Ayyappa temple at Sabarimala and a law against "love jihad", while assuring employment for at least one person from each family and free laptops to high school students, in its manifesto for the assembly polls unveiled in Thiruvananthapuram on Wednesday.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Anna said he would travel across the nation to "awaken" people on the issue and it will culminate into a protest at the Ramlila Maidan on October 2.
"The PMJDY has been the foundation stone for the Modi government's people-centric economic initiatives. "Whether it is direct benefit transfers, Covid-19 financial assistance, PM-KISAN, increased wages under MGNREGA, life and health insurance cover, the first step was to provide every adult with a bank account, which PMJDY has nearly completed," Nirmala Sitharaman said on the sixth anniversary of the scheme.
To kick-start the work under MGNREGA after the lockdown is lifted, the government has already prepared plans and states have also submitted their work plans.
The relay hunger strike by retired soldiers demanding implementation of One Rank One Pension scheme enters Day 10.
The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund was established in March last year with the primary objective to deal with any kind of emergency situation like the one currently posed by the COVID-19 outbreak and provide relief to those affected.
The Modi government has not lived up to the muscularity the prime minister promised while campaigning, says Ajai Shukla
Modi, while addressing the 150th anniversary programme of Kolkata Port Trust, invoked Mookerjee and B R Ambedkar and said their contributions had led to the development of the country post Independence, but suggestions made by them were not implemented after they resigned from the government.
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